If you are looking for a free credit report, you may be thinking of visiting the website freecreditreport.com, as it contains the word “free” in its title. Several years ago, you could obtain a free credit report from this site, but consumer credit laws have changed.
Credit Report “Almost Free”
If you decide to get the credit report, including the FICO credit score from the site, a charge of $1 will be made to your credit card on freecreditreport.com. The report and credit score are obtained from data reported to Experian, one of the three major credit bureaus.
Site Features
freecreditreport.com provides you with detailed information about your payment history, amount of debt, length of credit history, and any recent credit inquiries. Each category explains what affects your credit score.
There Are Conditions
To obtain the $1 credit report and credit score from freecreditreport.com, you must enroll in a seven-day free trial subscription to Experian CreditWorks Premium, which is a monitoring service offered by Experian. To sign up for the service and pay for your credit report, you will need to enter your credit card information on freecreditreport.com.
If you forget to cancel the subscription during the trial period, $24.99 will be automatically deducted from your credit card for each month of the service. According to the FAQs on freecreditreport.com, there are no refunds or partial credits if you cancel after the charge has been processed.
freecreditreport.com provides a clear notice that your credit card will be charged if you do not cancel the trial subscription. There is a disclosure about the trial clearly printed on the front page of the site and another on the application form.
freecreditreport.com allows you to request the $1 credit report only once. If you have already received a $1 credit report, you will never get another one.
Cancelling the Subscription is Simple
To cancel the service with freecreditreport.com, you have two options: calling the company by phone or sending a cancellation request by mail. The company’s website does not provide the capability to cancel the subscription online. If you cancel by phone, expect a customer service representative to read some scripts in an attempt to persuade you to continue the service.
Stick to your decision to cancel the service, regardless of what they offer you. The phone representative may offer you a significant discount on your next monthly payment if you choose to keep the account open for credit monitoring. If you decide to cancel, you will receive a confirmation email after making the call.
Frequently Asked Questions (FAQs)
What is the difference between freecreditreport.com and freecreditscore.com?
freecreditreport.com and freecreditscore.com are very similar websites. Both are owned by Experian. Both provide access to your credit report from Experian and the FICO score based on that report.
How can you dispute information in your credit report?
The Fair Credit Reporting Act gives everyone in the U.S. the right to obtain an accurate credit report. If there are errors in your report you wish to dispute, all you have to do is reach out to the credit bureaus. You can call, dispute the information online, or dispute it in writing through a mailed letter. Credit bureaus are required by law to investigate any disputes unless they are “frivolous,” but they will not remove accurate information from your credit report.
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Sources:
– PR Newswire. “Equifax, Experian and TransUnion Extend Free Weekly Credit Reports in the U.S. Through 2023.”
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freecreditreport.com. “Terms of Use Agreement.”
– Consumer Financial Protection Bureau. “A Summary of Your Rights Under the Fair Credit Reporting Act,” Pages 1-2.
Source: https://www.thebalancemoney.com/freecreditreport-com-review-960469
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